Is Ford Stock a Buy?
Although Ford (NYSE: F) shares are up 17% in 2023 (as of Aug. 3), they have cratered 14% in the past month. Given that the business just posted stellar Q2 results, the stock's recent performance doesn't make sense. For some opportunistic investors, this might present a chance to add the company to their portfolios.
It's best to try and gain a better understanding of the bearish and bullish arguments for Ford, so that investors can make a more educated decision when it comes to the automotive stock.
Ford reported second-quarter revenue of $42.4 billion (excluding the financing division) and adjusted diluted earnings per share of $0.72, both handily beating Wall Street estimates. That revenue figure was up 12% year over year, driven by gains across the board, including at Ford Blue (internal combustion cars), Ford Pro (commercial segment), and Ford Model e (electric vehicle division).
Source Fool.com
